Nuvama Fixed Income Advisory Report : Bond Vector January-10-2025

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Macro and Government Bond Commentary: Yields close steady, US treasury yields spike following upbeat BLS nonfarm payrolls .10Y benchmark (7.10 GS 2034) opened little changed in absence of fresh cues, and was ranged for much of the day. Market participants closely awaited US BLS nonfarm payrolls data which came in stronger than expected. The 10Y point closed trade steady at 6.80%

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